AerCap Holdings (NYSE:AER) Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. grew its position in AerCap Holdings (NYSE:AER) by 398.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,993 shares of the financial services provider’s stock after purchasing an additional 11,183 shares during the period. Fox Run Management L.L.C.’s holdings in AerCap were worth $1,339,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. boosted its position in AerCap by 15.3% in the third quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock valued at $77,000 after buying an additional 108 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of AerCap by 0.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,192 shares of the financial services provider’s stock valued at $1,837,000 after acquiring an additional 115 shares during the last quarter. Signaturefd LLC increased its stake in shares of AerCap by 3.2% in the fourth quarter. Signaturefd LLC now owns 5,717 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 177 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in shares of AerCap by 3.8% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,322 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 194 shares during the last quarter. Finally, Inspire Advisors LLC lifted its position in AerCap by 3.4% during the fourth quarter. Inspire Advisors LLC now owns 6,336 shares of the financial services provider’s stock valued at $606,000 after purchasing an additional 209 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

AerCap Trading Down 2.4 %

Shares of AER stock opened at $102.13 on Friday. AerCap Holdings has a 1-year low of $81.93 and a 1-year high of $107.36. The company has a market cap of $19.08 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 2.22 and a beta of 1.83. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a 50 day simple moving average of $98.89 and a 200-day simple moving average of $96.67.

AerCap (NYSE:AER) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.75. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.97 billion. On average, equities research analysts expect that AerCap Holdings will post 11.29 EPS for the current fiscal year.

AerCap Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.27 per share. This is a positive change from AerCap’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, March 12th. AerCap’s payout ratio is 9.99%.

AerCap announced that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have weighed in on AER. Bank of America increased their price target on AerCap from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Barclays reiterated an “overweight” rating and set a $115.00 price target (up from $113.00) on shares of AerCap in a research report on Thursday, February 27th. Susquehanna upped their price objective on AerCap from $108.00 to $120.00 and gave the stock a “positive” rating in a research report on Thursday, February 27th. Finally, UBS Group lowered shares of AerCap to an “underperform” rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.43.

About AerCap

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.